Analyst predicts a bounce-back for Dish Network, Dish stock rose

[gokamoto]

Shares of satellite TV provider Dish Network Corp. gained Tuesday after Wells Fargo Securities upgraded the stock, predicting a bounce-back for the company as it gains market share and the economy improves.

"Our channel checks confirm that Dish is on the road to recovery," Wells Fargo analyst Marci Ryvicker told investors in a note. She upgraded the stock to "Outperform" from "Market Perform."

Shares of Dish, based in Englewood, Colo., rose 61 cents, or 3.3 percent, to $19.12 in afternoon trading.

Dish Network shares gain after Wells Fargo upgrade